Newcastle United takeover bid collapses as Mike Ashley ends talks: Reports

Mike Ashley has ended takeover talks with prospective buyer Amanda Staveley in a takeover for Newcastle United. (REUTERS)
Updated 16 January 2018
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Newcastle United takeover bid collapses as Mike Ashley ends talks: Reports

NEWCASTLE, UK: Newcastle United owner Mike Ashley has ended takeover talks with prospective buyer Amanda Staveley, according to reports.
Ashley put the Premier League club up for sale in October and had been engaged through his representatives with Staveley's PCP Capital Partners in a bid to thrash out a deal for the club he has owned for more than a decade.
However, on Tuesday it became clear that Ashley had finally lost patience and ended negotiations.
In a statement authorised by Ashley, a source close to the owner told Sky Sports: "It's only right to let the fans know that there is no deal on the table or even under discussion with Amanda Staveley and PCP.
"Attempts to reach a deal with Amanda Staveley and PCP have proved to be exhausting, frustrating and a complete waste of time."
Staveley was involved in introducing Sheikh Mansour to Manchester City before he bought the club in 2008.
Her appearance at St James' Park for Newcastle's match against Liverpool in October sparked hopes among Magpies fans of a similar transformation in their club's fortunes.
It has been suggested that Staveley's unknown investors were from the Middle East, east Asia and the US and had made an offer of around £250 million.
But despite being photographed meeting Staveley in London last month, Ashley has decided to walk away from the deal.


Saudi Arabia's young athletes return from Youth Olympics with hope and expectation

Updated 48 min 2 sec ago
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Saudi Arabia's young athletes return from Youth Olympics with hope and expectation

  • Saudi young guns hopeful for future with glory at Tokyo and Paris Olympics on their minds.
  • Yousif Jalaiden, the Saudi delegation’s chef de mission, tells young stars 'the hard yards start now.'

BUENOS AIRES: With heavier hand-luggage and loftier dreams, the Saudi athletes who competed at this month’s Youth Olympic Games will arrive back in Riyadh on Saturday, their medals suggesting reaching Tokyo 2020 is a target as attainable as it is alluring.
The Kingdom brought nine athletes to Argentina and left with a historic gold in karate and two bronze, one each in weightlifting and the 400m hurdles. Mohammed Al-Assiri’s momentous triumph in the final of the Men’s Kumite -61kg on Wednesday night represented the county’s first Olympic gold at any level. It also ensured Buenos Aires will be remembered as Saudi Arabia’s greatest medal haul, eclipsing the one bronze and one silver secured at the 2000 Olympics in Sydney. 
Al-Assiri, 16, was awarded SR1 million riyals by Turki Al-Sheikh, head of Saudi’s General Sports Authority, for his achievement. 
“Of course, we are delighted. We came here hopeful and we leave with our best ever performance,” said Yousif Jalaiden, the Saudi delegation’s chef de mission, before boarding the flight to Riyadh. “We expected two medals but hoped for three, although we did not know which colors they would be. To get the three and a gold, that’s why we are so happy. Thanks to God, it’s been a great success.”
The two-week campaign was somewhat of a slow-burner; the first seven days passing without as much as a glimpse of a medal for the delegation marked “KSA.” Swimming, taekwondo and fencing all failed to produce tangible reward, although the delegation’s youngest athlete, fencer Ali Saeed Al-Bahrani, took much consolation from the experience
“We will benefit a lot from this participation,” said the 15-year-old, who had been invited to contest the Men’s Sabre Individual and progressed through his group before being defeated in the last-16. “God-willing, this here will help us enjoy better success in the future.”
The midway point of the games marked a change in fortune — and provided genuine reasons for positivity ahead of the Olympic Games proper, which takes place in less than two years. Ali Yousef Al-Othman had finished third at the Asian Championships in April, but a dedicated training program and the assistance of Egyptian coach Khaled Qur’any helped him emulate that feat on the world stage. 
Al-Othman was understandably confident after accepting his bronze medal, telling Arab News that Tokyo is now at the forefront of his mind. “My dream was to win a medal at the Youth Olympics,” he said. “Now that dream has changed and I will work harder than ever to make Tokyo 2020 a reality.”
Qur’any, who has coached at the past two Olympics, however, was keen to keep his athlete’s feet on the ground, a feat possibly made trickier by the awarding of SR200,000.
“He is only 16, so I think Tokyo will come too soon for him,” Qur’any said. “Paris in 2024 is different — we would hope to be there. Ali has the potential, but there is a lot of work to be done before we can think of that.”
On the athletics track, Raghad Bu Arish won her heat in the 100m but her time was some distance off the pace. Mohammed Al-Muawi, meanwhile, benefited from the disqualification of South Africa’s Lindukhule Gora in the Men’s 400m hurdles to leap up a place and on to the podium. It was his first competitive event and the culmination of more than five months of training in California with American former World Championships silver medallist Ryan Wilson.  
“This medal is an amazing achievement for me,” said Al-Muawi, who was also awarded SR200,000. “I need to thank my coach. I hope to keep working with him. He always gives me so much support. Next year I have the Asian Championships and some Arab races, but of course I am dreaming about Tokyo. I want to challenge the best in the world, guys like Karsten Warholm from Norway and Abderrahman Samba.” 
The Asian Athletics Championships are scheduled to take place in Qatar next April, before the IAAF World Championships five months later. Jalaiden confirmed Saudi Arabia intends to send a delegation, adding he hopes the results in Buenos Aires can help inspire more victories at this level.
“We hope that we can take this success and build upon it ahead of Tokyo,” said Jalaiden. “And also use the experience here to help the next generation of Saudi athletes who will compete at the 2022 Youth Olympics (in Senegal). The hard work starts all over 
again now.”